NEW YORK (TheStreet) -- Here are five ETFs to watch this week.
iShares MSCI EMU Index Fund (EZU)
The opening days of November have been wild for the European Union as the region continues to sort out its ongoing economic crisis.
Although it has long been a central focus for euro-crisis watchers, Greece dominated discussions over the last few days following reports that Prime Minister George Papandreou was calling for a referendum on the nation's bailout package. He has since stepped back from the plan. However, as I noted in an earlier article, such a vote could have carried a great deal of weight.Aside from determining the next step in the ongoing Greek bailout saga, the results would have had decided Greece's future as a member in the eurozone. It will be exciting to see how the events taking place in this corner of the developed world unfold in the days ahead. However, from an investment perspective, I would not encourage conservative individuals to try their luck here. iShares S&P North American Technology-Multimedia Networking Index Fund (IGN) Tech giant Cisco (CSCO) will divulge its quarterly earnings performance numbers during the opening half of the week, thrusting the networking industry into focus. The company is IGN's top holding, representing over 11% of its total portfolio. So far, the earnings showings from other leaders in the tech sector have been mixed. Qualcomm (QCOM), Motorola Solutions (MSI), Motorola Mobility (MMI) and F5 Networks (FFIV) have managed to beat analyst estimates. Juniper Networks (JNPR) put a bit of a damper on the good mood, however. Despite falling in line with forecasts, the company presented a disappointing forecast for the fourth quarter. iPath S&P 500 VIX Short Term Futures ETN (VXX) In the opening days of November, the global markets have struggled to capitalize on October's strength as macroeconomic headwinds have resurfaced. With investor fears rekindling, products linked to the fear-tracking VIX have managed to rebound. As we saw last week with the Greece debacle, there are still plenty of hurdles to overcome as we look ahead. Navigating this type of volatile environment will require patience and flexibility.
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